Friday, May 25, 2012

Dax sentiment 24.5.2012

According to indicators, we have a little evidence of reliable market bottom yet. So far the trading range of 6200-6400 has proven to be reliable. Dax hasn't yet touched it's 200 days moving average which is holding the key level near 6200. It is highly expected that we could at least visit 6150-6180 before forming any reliable (tradable) market bottom.